You will need a permanent magnet DC variable speed motor,HP of your choice,usually determined by the surplus $$ in your bank acct.If your current motor is bolted to the grinder by the face,you will need a "c" face motor w/56 frame TEFC=totally enclosed fan cooled is also another xlnt way to go,so you dont have to worry about metel dust shorting the motor out.Know what voltage you will be plugging this setup into,120 or 240v as your motor comes for one or the other.BTW,I would recommenend 11/2hp as a minimum, 2hp would be better.Next you need the solid state control unit,it is the part that plugs into your electrical circuit,and converts your shop/house ac current to DC,and then pumps it to the motor.It can be purchased with many features ie:forward/reverse,brake/run,for quick stop and then on again,the on or power switch.I have all these things,but I never use the reverse feature,it will be cheaper without it.You will be better off with a nema 12 enclosure for your controller,as it is dust tight,but you can get by w/a nema 1 enclosure,and seal it w/ silicone.Your controller usually comes dual voltage,ie: 120/240v.I would also recommend a heat sink for the controller,if one is offered.You will need crimp on wire terminals,wait till you get the controller to see what type/size,a crimper to install these,and you are almost ready to go.I hope this helps some,if you need any additional info,let me know.Almost forgot,controller will also have a speed control knob on it showing 0-100%,your motor rpm will dictate top speed.For example if you motor says 2500 rpm,it means 0-2500rpm,you can get higher belt speeds by the addition of 3 step pulleys,as in a conventional AC single speed motor.